Gold and Silver Stay Short
For the past few days, we have been watching Gold and Silver expecting a possible trend change with a reversal to the long side of the markets. Thursday’s rally was not quite enough, although it […]
For the past few days, we have been watching Gold and Silver expecting a possible trend change with a reversal to the long side of the markets. Thursday’s rally was not quite enough, although it […]
Gold and Silver continue to churn in a range. The tighter the pattern trades the bigger the move that is expected. Although we are short and will stay there until the algorithms tell us differently, […]
The simple answer is: we don’t know. However, based on price action Gold has a lot more room on the downside. Dead cat bounces happen in all markets all the […]
The Dukes know something; they are selling Gold and Silver. The weakness in the metals continues to follow the trend – every rally the sellers show up. Obviously, the trend will last until it doesn’t. […]
Wednesday saw another weak attempt at a rally in the metals. By the end of the day Gold was slightly higher, Platinum flat and Silver lower on the day. All three are setting up for […]
Gold and Silver remain weak on pathetic volume and lack of interest. Since Gold and Silver are popular assets, we will assume the weakness is due to underlying pressure and not a lack of interest. […]
On Tuesday we wrote about the patterns in Gold and Silver, their action shows the same levels and more weakness. Gold and Silver feel like they are stuck in quicksand which should lead the markets […]
The patterns in Gold and Silver remain constant with continued weakness. Our expectations that Gold and Silver would rally into resistance has failed. We were looking for a run in Gold to 1750 April Futures […]
Gold is starting to show some life and the potential for a trend change. The major level of resistance is 1750 April futures. Although we remain short and will stay there until our algorithm turns […]
This morning Gold, Silver and Platinum are up nicely, the bigger question: Can the rally hold? That is an answer only fortune tellers, Prophets and self-proclaimed Gurus can answer. From a basic technical view of […]